• EP170: Financial Discipline in Construction: Why More Money Can Lead to Failure

  • Jun 10 2024
  • Duración: 25 m
  • Podcast

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EP170: Financial Discipline in Construction: Why More Money Can Lead to Failure

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  • Resumen

  • Should you borrow money to start or grow your construction business? When people start a construction business with little money, they have to be smart about how they spend their money, buy tools slowly as the business grows, and focus on making money to keep it growing.


    In this episode, Brad talks about:


    • Starting a construction business with minimal funds
    • Risks of borrowing money without financial discipline
    • Statistics on business failure rates
    • Importance of financial IQ and discipline in managing borrowed funds
    • Strategies for using borrowed money effectively
    • Caution against using lines of credit for operational expenses


    Links to Resources:


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